During the last three months, 9 analysts shared their evaluations of TD Synnex SNX, revealing diverse outlooks from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 1 | 4 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 1 | 1 | 3 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 2 | 0 | 1 | 0 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $135.44, a high estimate of $150.00, and a low estimate of $123.00. Surpassing the previous average price target of $127.22, the current average has increased by 6.46%.
Understanding Analyst Ratings: A Comprehensive Breakdown
An in-depth analysis of recent analyst actions unveils how financial experts perceive TD Synnex. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Ruplu Bhattacharya | B of A Securities | Lowers | Buy | $132.00 | $135.00 |
| David Vogt | UBS | Raises | Buy | $150.00 | $145.00 |
| Ashish Sabadra | RBC Capital | Maintains | Sector Perform | $135.00 | $135.00 |
| Joseph Cardoso | JP Morgan | Lowers | Neutral | $123.00 | $126.00 |
| Vincent Colicchio | Barrington Research | Maintains | Outperform | $138.00 | $138.00 |
| Ashish Sabadra | RBC Capital | Raises | Sector Perform | $135.00 | $118.00 |
| David Vogt | UBS | Raises | Buy | $145.00 | $115.00 |
| Ruplu Bhattacharya | B of A Securities | Raises | Buy | $135.00 | $120.00 |
| Joseph Cardoso | JP Morgan | Raises | Neutral | $126.00 | $113.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to TD Synnex. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of TD Synnex compared to the broader market.
- Price Targets: Analysts provide insights into price targets, offering estimates for the future value of TD Synnex's stock. This comparison reveals trends in analysts' expectations over time.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of TD Synnex's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on TD Synnex analyst ratings.
Get to Know TD Synnex Better
TD Synnex Corp is a distributor and solutions aggregator for the IT ecosystem. The company aggregates and distributes IT hardware, software, and systems including personal computing devices and peripherals, mobile phones and accessories, printers, server and datacenter infrastructure, hybrid cloud, security, networking, communications and storage solutions, and system components. Its geographical segments include, the Americas, Europe, and APJ.
TD Synnex: Financial Performance Dissected
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Negative Revenue Trend: Examining TD Synnex's financials over 3 months reveals challenges. As of 31 May, 2024, the company experienced a decline of approximately -0.2% in revenue growth, reflecting a decrease in top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Information Technology sector.
Net Margin: TD Synnex's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 1.03%, the company may face hurdles in effective cost management.
Return on Equity (ROE): TD Synnex's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 1.79%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 0.52%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: TD Synnex's debt-to-equity ratio stands notably higher than the industry average, reaching 0.58. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
The Core of Analyst Ratings: What Every Investor Should Know
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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